Proportional concessions and the leximin solution
In this note we introduce a new axiom for bargaining solutions, named Proportional Concession Monotonicity (PCM), which imposes that no player benefits when all players collectively make proportional concessions with respect to their respective utopia values. We reconsider the leximin solution (Imai...
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| Format: | Article (Journal) |
| Language: | English |
| Published: |
March 2012
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| In: |
Economics letters
Year: 2012, Volume: 114, Issue: 3, Pages: 288-291 |
| ISSN: | 0165-1765 |
| DOI: | 10.1016/j.econlet.2011.10.028 |
| Online Access: | Verlag, Volltext: http://dx.doi.org/10.1016/j.econlet.2011.10.028 Verlag, Volltext: https://linkinghub.elsevier.com/retrieve/pii/S0165176511004083 
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| Author Notes: | Bram Driesen |
| Summary: | In this note we introduce a new axiom for bargaining solutions, named Proportional Concession Monotonicity (PCM), which imposes that no player benefits when all players collectively make proportional concessions with respect to their respective utopia values. We reconsider the leximin solution (Imai, 1983), and obtain an alternative characterization on the basis of PCM. |
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| Item Description: | Gesehen am 29.11.2018 Available online 29 October 2011 |
| Physical Description: | Online Resource |
| ISSN: | 0165-1765 |
| DOI: | 10.1016/j.econlet.2011.10.028 |